September 11, 2023
3 min

Govt's push to logistics sector helps small cap stock to drive revenue, profit in June quarter - India TV News

North Eastern Carrying Corporation, a small-cap logistics sector stock, has announced a strong performance in the June 2023 quarter. The company's revenue increased to Rs 83.8 crore compared to Rs 82 crore in the previous year. Its profit after tax grew by 54% to Rs 1.49 crore. This positive performance is attributed to the logistics sector's improving metrics and the Modi government's efforts to boost small businesses. NECC provides various logistics services including cargo movement and storage.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry